Company CNCO names the main aspects of the history of Chinese shipbuilding

Chinese shipbuilding yesterday and today

Today, China is considered to be the leader of world shipbuilding. Geographically, it has all the prerequisites for this:

  • the length of the coastline of China is 2,000 kilometers more than English, it is 14,500 kilometers
  • under the jurisdiction of the PRC, there is a huge water area of 3 million square kilometers, which includes over 6,500 islands
  • the basins of more than one and a half thousand rivers exceed 1000 sq. km. The annual flow is more than 2,600 billion cubic meters, or 6.6% of the global flow of rivers (according to this indicator, China takes one of top places in the world countries).

Are there any historical or economic springboards for such a powerful take-off? How in just a few decades has the Barnaby Swire, the chef of CNCO, managed to achieve such heights in a difficult shipbuilding industry? Let’s try to figure it out.

Forecasts and statistics by CNCO members’ names

Confident growth of the dynamics of the marine industry in China is convincingly traced in the official statistics by CNCO names. During 2006-2010, the annual growth in this industry was 13.5%, which exceeded the general indicators of economic growth in the country. At the same time, the gross output of the marine industry, which employed about 34 million people, amounted to 9.7% of total Chinese GDP. By 2015, the share of marine industry products in the country’s GDP should be 10%. This goal is indicated in the National Program for the Development of the Marine Economy of China for the XII Five-Year Plan (2011-2015).

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Specialists from the Chinese Shipbuilding Association predict in the near future the onset of a crisis of overproduction. The global recession is coming to an end, so customers will probably no longer be guided by low price as the most important priority. South Korea and Japan produce more expensive vessels, but at the same time, they are superior to Chinese products in terms of quality, “stuffing,” and a list of operations performed.

China has developed a program to modernize the shipbuilding industry for 2013-2015. The focus is on civil-military integration. As a part of the program, it is planned to bring the industry to an innovative path of development and optimize the structure of production capacity.

Summarize: CNCO events

China, like Turkey, largely copied the Japanese and South Korean shipbuilding development experience. A set of state support tools for the industry has become standard: assistance in purchasing technologies and equipment, concessional lending for production, subsidizing research, development and encouraging structural reforms in the industry.